Worlds Biggest Funds

Latest News for: Worlds biggest funds

India launches 'Modicare,' the world's biggest government health program

The Keene Sentinel 23 Sep 2018

Starting today, a half-billion Indian citizens will be covered under an initiative local media have dubbed “Modicare.” Although nobody seems to be sure whether it will work or how much it will cost, the government has touted it as the world’s biggest government-funded health scheme ... In most states, government-funded hospitals are understaffed and ill-equipped, so many people end up paying for expensive private care ... ....

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Calpers May Hire China Forex Official as Investment Chief

Caixin Online 20 Sep 2018

An official at China’s foreign exchange regulatory body may become the next investment chief of the largest U.S. public pension fund ... Meng hadn’t signed an offer letter as of Wednesday morning, the newspaper reported. The $360 billion Calpers is one of the biggest pension funds in the world, generating billions of dollars in revenue each year to cover pensions of about 1.9 million Californians ... since 1995. He received a Ph.D ... ....

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From Lucid to Tesla, Saudi Wealth Fund goes on spending spree

The Economic Times 20 Sep 2018

The investments are part of plans, unveiled after the collapse in crude prices in mid-2014, to turn the PIF into the world’s biggest sovereign fund with more than $2 trillion in assets by 2030 ... ....

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Former Malaysian leader arrested in connection with 1MDB scandal

Market Watch 20 Sep 2018

Najib, who lost office in a surprise election defeat in May, already faces charges of abuse of power and money-laundering related to 1Malaysia Development Bhd., a state fund he created in 2009 to boost development that has become the focus of one of the world’s biggest financial scandals and is under ......

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Saudi Arabia's sovereign wealth fund set for busiest year yet as spending spree ramps up

The Independent 19 Sep 2018

The investments are part of plans — unveiled after the collapse in crude prices in mid-2014 — to turn the PIF into the world’s biggest sovereign fund with more than $2 ......

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Horlicks centre of £3bn bidding war: Coca-Cola and Nestle swoop as GSK puts drinks brand up for sale

This is Money 19 Sep 2018

Some of the world’s biggest consumer goods giants – including Coca-Cola, Nestle and Unilever – this week tabled offers for the malt drinks maker Horlicks....

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Qatar Fund Nears Investment in Ping An-Backed Online Lender

Caixin Online 18 Sep 2018

(Bloomberg) — The Qatar Investment Authority (QIA) is in advanced talks about an investment in Lufax, China’s biggest online lender, as the sovereign wealth fund seeks to tap into the world’s second-largest economy, people familiar with the matter said ... to facial recognition systems to other financial firms in China and around the world....

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Saudi wealth fund is investing $1 billion in Lucid Motors, a Tesla rival

The Los Angeles Times 17 Sep 2018

Autos Business Saudi wealth fund is investing $1 billion in Lucid Motors, a Tesla rival ... Saudi Arabia, the world’s biggest oil exporter, has been diversifying its economy after the collapse in crude prices. As part of the plan, the kingdom plans to turn the Public Investment Fund into the world’s biggest sovereign fund, controlling more than $2 trillion by 2030, and hedge against oil....

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'Phantom' Norwegian trader's confidence comes back to haunt him

The National 17 Sep 2018

There he amassed a fortune trading on his own account - in 2016 it was enough to make him the single biggest taxpayer in Norway ... Once the kingpin of European electricity trading, activity on the world’s oldest power market is now languishing at its lowest level since 1999 after some of the biggest banks, hedge funds and industrial consumers left the market, driven away by rising costs and prices that were little changed for years....

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Nestle to sell Gerber Life Insurance unit for $1.55 bln

This is Money 17 Sep 2018

Swiss-based Nestle has also been under pressure from hedge fund Third Point, which asked for a bolder and faster overhaul of the world's biggest food group ... Advertisement. ....

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Seven minutes for a lifetime of glory as Puspure goes for gold

Irish Independent 15 Sep 2018

David Kelly Twitter Email ... Email ... The two-time Olympian, now 36, has suffered injury this season and decided to skip the European Championships and a World Cup regatta, but then claimed a silver medal in the two she did enter ... Out of her modest funding, she spends around €3k on entry fees alone ... "Despite all the medals, and my fourth at the worlds last year, our funding didn't change. We have more athletes, our biggest team, more boats ... ....

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Why Saudi’s wealth fund is raising $billions in commercial debt

AME Info 13 Sep 2018

Saudi’s Public Investment Fund (PIF) is borrowing from banks, adding to a current strategy of issuing bonds, to raise funds ... Why Saudi’s wealth fund is raising $billions in commercial debt ... London-based boutique Verus Partners is advising the Public Investment Fund on the talks, the people said ... The PIF plans to become the world’s biggest sovereign fund, controlling more than $2 trillion by 2030....

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Detroit-based StockX Secures $44M in Series B Funding Co-Led by GV (Formerly Google Ventures) and ...

Omaha World-Herald 13 Sep 2018

In addition to its core business, StockX has contributed more than one million dollars to foundations and nonprofits across the country through its Charity IPO program, an ongoing initiative aimed at raising funds for the world's most important causes by partnering with noted philanthropic organizations and some of the world's biggest celebrities, including....

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